A major joint investment fund for Africa is in the works between France and China, who hope to cash in as a team on the continent’s economic expansion, WorldCrunch reports.

France has a lot of experience in Africa and a growing number of Chinese enterprises produce goods in France to export to Africa, said Muriel Pénicaud, president of the French Agency for International Investments, in the report.

On a trip to China, Pénicaud noticed that Chinese companies lack a basic understanding of Africa, WorldCrunch reports. As a past colonizer of many African countries, France has been on the continent for nearly 150 years compared to China’s 20. China is often reprimanded for some of its business practices there, the report said.

French enterprises are concentrated primarily in West and North Africa. But they have also started to target other areas.

France collaborates with China in its foray into Africa, a source from the French Foreign Ministry said in the WorldCrunch report.